Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

Ashok Nigalaye hasn't filed a Form 4 since he resigned as director more than 3 years ago. He could hold zero shares at this time and we would never know. Luckily, I couldn't give a rat's ass (other than I'm glad to be done with those Epic dudes).





https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142755556

Acting CEO Chris Dick and Treppel et al saved the company from bankruptcy with the Epic Strategic Alliance in March 2009. For this, think of the beginning of Braveheart where Longshanks rides with a heavily armed unit of cavalry into the middle of a wedding party and eats all the food and takes away the virgin bride to invoke his nobleman's right of Prima Nocta. For less than $4 million, Epic's three members ended up with three seats on the board and enough Preferred shares and warrants to ultimately, effectively control the company.